Why True rates?

Most financial transactions in present days include costs other than interest,
and hence the need to calculate a rate that reflects the true cost of
borrowing or savings.

A true rate is a rate that takes in consideration all factors in a financial transaction,
not just the interest rate.
A rate that represents all the cash flows involved in a financial transaction,
(interest, lender costs & fees, government charges, etc), and the timing between transactions
i.e. the true interest rate, not just the interest rate quoted.

RICalc computes true rates automatically every time a financial case is calculated,
either lending or savings, in periods or in calendar date format.

RICalc also provides a more concise true rate after net costs and tax, and after
inflation, in single and multiple streams.